Potential ZEC/BTC Falling Wedge BreakoutI see a potential for a break out of this wedge on ZEC/BTC. Keep your eyes peeled and look for volume confirmation.
Good luck and happy trading.
-Meteorite777
ZECBTC trade ideas
ZEC ready for another waveThink this goes up again for more % gains vs BTC, think BTC is still okay and going up itself so get to playing alts to make more! I think a higher high and see bear divergence on the oscillators, then a pull back to make a base around 50-80 fibs, then we have a bull year :fingercrossed!
There is a trading opportunity to buy in ZECBTCMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01330 to 0.01250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01330)
Ending of entry zone (0.01250)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Price Action Lesson 3: Hammer, The first sign of beginning ...
Take Profits:
TP1= @ 0.01490000
TP2= @ 0.01685000
TP3= @ 0.01970000
TP4= @ 0.02140000
TP5= @ 0.02335000
TP6= @ 0.02970000
TP7= @ 0.03485000
TP8= @ 0.04375000
TP9= @ 0.05645000
TP10= Free
ZEC/BTC BROKEN OUT OF TREND AND RETESTZEC has broken out of downtrend and retesting the trendline waiting for confirmation before entering but keeping an eye on it. Selling volume has decreased with buying increasing. Lower tf indicators look better than higher tf. Could be next to pop in the next few days.
Reversal soon?I think ZEC is near a reversal, this is one of the best crypto project with strong dev team.
I think is very undervaluated.
The triple ZEC stairwayPrice artificially surpressed over the last months.
September wick swept.
Clear and easy identifiable ranges.
Accumulated and ready to pump.
Zcash (ZEC) Bullish Divergence + Early SignalsI am looking at Zcash (ZECBTC) on the request of some of my followers and I am seeing some early signals that are pointing to a pontetial breakout to the upside... Potential, because these signals are early which means that they can be easily invalidated.
The stronger the signal, the higher the chances that it comes true and price moves to where the signal is pointing.
Here I am looking at early bullish signals for Zcash (ZECBTC), hit like if you want to now and let's take a look at those together:
I marked bullish divergence on the MACD twice, this is the main signal we will be looking at.
The first arrow is purple and goes back to ZECBTC Sept. '18 low until the 8 March low. You can see the price moving lower while the MACD, line, and signal, are moving higher. The second divergence is the blue arrow.
These are good and strong signals but they haven't come into play, it can still go lower. So we are waiting/looking for a break above EMA10, with above-average volume to further support these signals and start a trade. ZECBTC might be looking bullish soon.
In the meantime, I stay away because ZECBTC tends to disappoint me about 80% of the time. Better choices out there.
Thanks a lot for reading.
This is a chart analysis shared for fun, learning, and entertainment purposes only. This is not a piece of trade advice, my trades contains buy-in, targets, stop-loss, and additional information... See an example here:
Thanks you for the support.
Namaste.
ZECBTCAccumulation phase almost complete and ZEC is at an ATL vs BTC.
We just saw ZEC vs USD get a wick down to $15 from $50 on Bitfinex, which I believe was the final shakeout.
I'm long.
ZCASH/BITCOIN scalping idea M15ZCASH/BITCOIN scalping idea M15
We have a RSI divergence , price might go up and form a double bottom at the D point of bullish crab pattern . For abuy at 0.012635 BTC , TP at 0.012822 BTC and SL at 0.012567 BTC you get a RR ratio of 2.75
There is a trading opportunity to buy in ZECBTCMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.01490 would begin in Midterm.
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01380 to 0.01310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01380)
Ending of entry zone (0.01310)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.01685
TP2= @ 0.01970
TP3= @ 0.02140
TP4= @ 0.02335
TP5= @ 0.02970
TP6= @ 0.03485
TP7= @ 0.04375
TP8= @ 0.05645
TP9= Free
Falling wedge really close to ATL supportRSI almost at Oversold levels...
While buying here is risky since there is no signals of reversal yet,
I would expect at least a bounce...
Set alerts and If you take actions, set tight SL just in case! #ZEC
